HomeMy WebLinkAboutResolution 3043A Resolut'o
No.
DESIGNATION OF WEST 7TH/U~NIVERSITY AREA AS A
NEIGHBORHOOD EMPOWERMENT ZONE
WHEREAS, on April 25 2000 the Crty of Fort Worth City Council ("Council") approved a Policy
Statement on the Creation of Local Neighborhood Empowerment Zones, and
WHEREAS, on October 3 2000 the City Council approved the criteria to determmmg whether an
area would be eligible to be designated as a Neighborhood Empowerment Zone and
WHEREAS, the City Council finds that the creation of the West 7th/Umversity Neighborhood
Empowerment Zone ("West 7th/Umversity NEZ") would promote (1) the creation or rehabilitation of
affordable housing in the zone, or (2) an increase in economic development in the zone, or (3) an increase in
the quality of social services, education or public safety provided to the residents of the zone and
WHEREAS, the City Council finds that the creation of the West 7th/Umversrty NEZ benefits and is
for the public purpose of mcreasmg public health, safety and welfare, and
WHEREAS, the City Council finds that the West 7th/Umversity NEZ satisfies the requirements of
§312.202 of the Tax Code.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT
WORTH, TEXAS THAT
Section 1 The facts and recitations contained in the preamble of this Resolution are hereby found and
declared to be true and correct.
Section 2. The West 7th/LTmversity NEZ is hereby created as defined by the legal description and map
attached as Exhibit A.
Section 3 The Crty Council adopts all basic incentives as described m the Neighborhood Empowerment
Zone Basic Incentives (M&C C 19551 & G 13984) and as amended for the West 7th/Umversity NEZ.
Section 4. The d~ J anon shall expire on January 12, 2014
Adopted this ~ Q day of ~ , 2004
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